Top 1,000 S. Korean firms' R&D spending hit US$ 40.9 bil. in 2017, up 7.9% y/y
  • 5 years ago
South Korean companies' spending on research and development hit 40-point-nine-billion U.S. dollars in 2017,... up nearly eight percent on-year.
A survey by the Korea Institute for Advancement of Technology shows... R&D spending by firms employing more than 1-thousand people accounted for over 86 percent of the total.
South Korea's top seven firms,... including Samsung Electronics and LG Electronics,... accounted for about 57 percent of the total.
Most of the R&D spending by the top 1-thousand firms was in the manufacturing sector...., accounting for nearly 90 percent.
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